Budget 2016: This is what startups are expecting. Are you listening, Arun Jaitley?
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2015 has been a momentous occasion for the burgeoning Indian startups, and Prime Minister Narendra Modi’s Startup India initiative was the icing on the cake.With policies devised especially keeping the need of
However, that’s not the case.
This could be blamed on the fact that a few of the policies announced at the
Thus, founders have some additional expectations from Arun Jaitley’s
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“While it is important to boost the confidence to global investors by way of structural reforms and find a way to achieve the fiscal deficit target of 3.5 per cent in FY17, there shoudl also be high focus on inclusive growth and adequate measures to ensure upliftment of the rural sector, creation of more employment opportunities, and enriching the lives of women, children, senior citizens and people below the poverty line,” he believes.
However, for Varun Dua, CEO and co-founder of Coverfox, a one of a kind online insurance portal, the key priority remains in deregulation and allowing FDI in fintech. “Most fintech businesses like payment banks / insurance have heavy dependence on domestic capital which is mostly risk averse and thus scarce.”
The Budget should also consider relaxation in structures which make private secondary transactions more liquid from a tax or complication perspective, Dua adds.
Then, there’s Pankaj Vermani, the CEO of Clovia, an e-commerce website which focuses on lingerie, who believes that it should be seen that the boom experienced by the e-commerce industry in 2015 should continue, at any cost.
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“To ensure that the growth continues the Image credit: Indiatimes
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